EDF has signed an agreement under which KKR irrevocably undertakes to acquire the operations and assets of EDF power solutions in the United States and Canada, with EDF power solutions holding an option to sell these assets. The unit provides clean energy solutions including renewable power plants, storage, smart EV charging, and microgrids, and operates a portfolio of renewable assets with a total net capacity of 5.6 gigawatts in the two countries. The transaction remains subject to an information and consultation procedure with employee representative bodies and approval from governance bodies.
KKR & Co. Inc.KKR acquires EDF's North American clean energy unit, expanding its renewable portfolio.